Tag Archives: Xcel Energy

Report Exposes US Corporations That Pay Their Execs More Than They Pay in Taxes

“Both kinds of corporate misbehavior—underpaying taxes and overpaying executives—ultimately make working families the victim through smaller paychecks and diminished public services.”

By Jake Johnson. Published 3-13-2024 by Common Dreams

Elon Musk at TED2013: The Young, The Wise, The Undiscovered. Wednesday, February 27, 2013, Long Beach, CA. Photo: James Duncan Davidson

Top executives at dozens of major, profitable U.S. businesses received more in total compensation in recent years than their companies paid in federal taxes, underscoring the twin outrages of skyrocketing CEO pay and rampant corporate tax dodging.

report published Wednesday by Americans for Tax Fairness (ATF) and the Institute for Policy Studies (IPS) identifies 35 profitable U.S. corporations that paid their top executives more than they paid the federal government in taxes between 2018 and 2022. The list of companies includes Ford, Netflix, NextEra Energy, and Tesla—whose CEO, Elon Musk, is the richest man in the world.

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Nuclear Plant, Minnesota Officials Hid 400,000-Gallon Leak of Radioactive Water for Months

Xcel Energy reported a leak of tritium-contaminated water at its Monticello nuclear power plant on November 22. State authorities just acknowledged they’re monitoring the ongoing cleanup effort.

By Kenny Stancil  Published 3-17-2023 by Common Dreams

Monticello Nuclear Generating Plant, Unit 1 Photo: NRC/flickr/CC

Xcel Energy in late November told Minnesota and federal officials about a leak of 400,000 gallons of water contaminated with radioactive tritium at its Monticello nuclear power plant, but it wasn’t until Thursday that the incident and ongoing cleanup effort were made public.

In a statement, Xcel said Thursday that it “took swift action to contain the leak to the plant site, which poses no health and safety risk to the local community or the environment.” Continue reading

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